Needham & Company LLC Cuts Coinbase Global (NASDAQ:COIN) Price Target to $230.00

Coinbase Global (NASDAQ:COIN) had its target price lowered by Needham & Company LLC from $290.00 to $230.00 in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the cryptocurrency exchange’s stock.

Several other brokerages have also weighed in on COIN. Sanford C. Bernstein reissued an “outperform” rating and issued a $440.00 price objective on shares of Coinbase Global in a report on Tuesday, January 6th. Cantor Fitzgerald cut their target price on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research report on Monday, February 9th. Monness Crespi & Hardt downgraded shares of Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Thursday. Rosenblatt Securities lowered their price target on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group cut their price objective on shares of Coinbase Global from $367.00 to $268.00 and set a “hold” rating for the company in a report on Monday, January 12th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Moderate Buy” and a consensus target price of $291.85.

Coinbase Global Trading Up 16.5%

NASDAQ:COIN opened at $164.32 on Friday. Coinbase Global has a 12 month low of $139.36 and a 12 month high of $444.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $224.49 and its 200 day moving average is $283.54. The stock has a market capitalization of $44.31 billion, a PE ratio of 37.43 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.68 earnings per share. Sell-side analysts expect that Coinbase Global will post 7.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total value of $344,121.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the sale, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. This represents a 47.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 578,014 shares of company stock worth $111,392,947 in the last three months. 16.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coinbase Global

A number of institutional investors have recently added to or reduced their stakes in the business. Capital Advisors Wealth Management LLC boosted its position in shares of Coinbase Global by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after acquiring an additional 30 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in Coinbase Global by 37.6% during the third quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after purchasing an additional 32 shares during the last quarter. West Family Investments Inc. lifted its position in Coinbase Global by 3.3% during the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after purchasing an additional 33 shares during the last quarter. StoneX Group Inc. grew its stake in Coinbase Global by 1.8% in the 2nd quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock worth $690,000 after buying an additional 34 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC increased its holdings in shares of Coinbase Global by 3.4% in the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after buying an additional 34 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global News Roundup

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Short‑term buying momentum: traders are buying the post‑earnings drop and the stock has bounced off prior support levels, leading to a sharp intraday rebound even after the Q4 miss. Read More.
• Positive Sentiment: Operational and product positives: Coinbase highlights doubling crypto trading market share in 2025, subscription strength and new initiatives (Agentic/AI wallets) that diversify revenue and address longer‑term growth. Read More.
• Neutral Sentiment: Analyst reaction is mixed: many firms cut price targets and trimmed estimates (wide dispersion of PTs), leaving both upside and downside scenarios for investors to weigh. Read More.
• Neutral Sentiment: Short‑interest data in some feeds shows 0 shares (days‑to‑cover 0.0) — the reporting appears unreliable and provides no clear short‑squeeze signal.
• Negative Sentiment: Q4 miss and first quarterly loss in two years: Coinbase reported a $667M net loss, revenue down ~21% Y/Y and EPS below estimates — the core trading business remains sensitive to crypto price moves. Read More.
• Negative Sentiment: Insider selling raises governance/sentiment concerns: reporting shows large stock sales by CEO Brian Armstrong (reported ~$550M) and a CFO sale (~$56M), which can weigh on investor confidence. Read More. Read More.
• Negative Sentiment: Operational hiccup: a brief platform outage affected buy/sell/transfer functionality around the earnings release, spotlighting execution risk. Read More.

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.